Security Bank & Trust Co. Review: Personal, Business and Commercial Banking
Written by
Caitlyn Moorhead
Edited by
Joe Evans
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- Security Bank & Trust Co. at a Glance
- Security Bank & Trust Checking Accounts
- Security Bank & Trust Savings Accounts
- Security Bank & Trust CD Accounts
- Security Bank & Trust Money Market Accounts
- Banking Experience
- How Does Security Bank & Trust Compare?
- Who Security Bank & Trust Co. Is Best For
- Overall Banking Experience
- Final Take to GO
Security Bank & Trust has generations of leadership within your community to help you reach your financial goals.
Best for those looking to start a small business and want to bank with a predictable, reliable and local option. You can also find interest-bearing checking options to make your daily banking account earn more for you.
Security Bank & Trust Co. is a locally focused community bank offering core banking products including checking accounts, savings options, certificates of deposit and lending services. Its appeal centers on relationship banking and in-person service rather than headline-grabbing interest rates.
This review breaks down Security Bank & Trust Co.’s deposit accounts, current rate structure, fees, strengths, limitations and who this bank is best suited for.
Security Bank & Trust Co. at a Glance
| Category | Details |
|---|---|
| Bank type | Community bank |
| Branch access | Yes, regional |
| Online banking | Yes |
| Mobile app | Yes |
| FDIC insurance | Yes |
| Best known for | Relationship banking and local service |
Security Bank & Trust Checking Accounts
Security Bank & Trust has low-cost and straightforward checking options and accounts with competitive rates to help you grow your wealth faster. The account options include:Â
- Core Checking for basic needs
- Advantage Checking, which is interest-bearingÂ
- Premium Checking to help you earn more and save more
- Gold Checking which is available if you are 55 or older.Â
To put your Security checking experience into perspective, here are some pros and cons of the Advantage Checking account to factor in when deciding which checking account is right for you:
Best For
Banking in Minnesota
Mobile App
Low Monthly Fees
Credit Cards
Loan Options
Interest-Earning Checking Account Options
Security Bank & Trust provides a variety of checking accounts, including Advantage Checking, which combines interest-earning and affordable opening requirements to fit your needs.
Fees
$0 to $10
APY
N/A
Min Opening
$50 to $2,500
Pros
- Interest-earning
- Check images included in your bank e-statement
- Optional overdraft protection services
Cons
- $500 minimum opening deposit and daily balance requirement
- $5 service charge per statement cycle if the daily balance falls below the minimum balance requirement of $500
Quick Take
Security Bank & Trust provides different checking account options to suit any lifestyle.
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Security Bank & Trust Savings Accounts
It isn’t a high-yield savings account, but the rates can be competitive with other standard savings products. The online and mobile banking options are user-friendly, intuitive and include Mobile Deposit. Â
- Set up automatic transfers from your paycheck or other passive income to help you grow your funds and keep them on track.Â
- Only a $50 minimum balance to open the savings accountÂ
- Only a $50 minimum daily balance requirement
Best For
Banking in Minnesota
Mobile App
Low Monthly Fees
Credit Cards
Loan Options
$50 Minimum Balance
Security Bank & Trust’s Regular Savings account offers a low entry point, automatic transfer options and user-friendly digital tools to help you build your savings effortlessly.
Fees
$0 to $10
APY
Up to
Min Opening
$0 to $50
Pros
- Automatic transfers available
- Low minimum balance and daily balance needed
Cons
- $5 service charge per month if your daily balance falls below $50
- No high-yield savings option
Quick Take
Security Bank & Trust offers a Regular Savings account that is great if you are looking to start your savings journey or an emergency fund.
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Security Bank & Trust CD Accounts
Security Bank & Trust offers term rates ranging from three months to five years, as well as varied APY options. Here are some pros and cons to consider when opening a CD with Security Bank & Trust:Â
- You can earn over APY on a 6-month CD if you open the account with $10,000 or more.
- There is a 39-month Bump Up CD option which allows you to change the interest rate on this certificate once during the term
- You may make an additional deposit to your account during the 10-calendar day grace period after maturity.
- For a CDs of less than 12 months, a penalty of 3 months interest may be imposed as an early withdrawal penalty.
- For CDS of 24 months and greater, a penalty of 12 months interest may be imposed as an early withdrawal penalty.
Best For
Banking in Minnesota
Mobile App
Low Monthly Fees
Credit Cards
Loan Options
High APY on 6-Month CD
Security Bank & Trust’s CD accounts offer competitive rates, including a Bump Up CD option and a high 6-month APY for larger deposits.
Fees
No monthly service fee
APY
Min Opening
$1,000
Pros
- APY on a 6-month CDÂ
- Bump Up CD option available
Cons
- Requires good/excellent credit
- No bonus offer
Quick Take
Security Bank & Trust offers some reasonably competitive rates on interest rate tiers which allows you to increase your earnings when you increase your balances.Â
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Security Bank & Trust Money Market Accounts
Money market accounts are available through Security either through the regular option or the Private Wealth Money Market account. It’s good to know there’s an option to earn more on your investment at varying savings levels, but there are still some benefits and drawbacks to consider.
- Though the Private Wealth Money Market account requires an opening deposit of $100,000, the daily minimum balance requirement is only $2,500.
- The standard Money Market account has a relatively low daily balance and opening deposit requirement of $2,500.
- There is a $10 service charge per statement cycle if the daily balance falls below $2,500 on the regular Money Market account.
- To get best interest rate, you need to open a Private Wealth Money Market account which requires a minimum opening balance of $100,000.
Best For
Banking in Minnesota
Mobile App
Low Monthly Fees
Credit Cards
Loan Options
Flexible Money Market Account Options
Security Bank & Trust offers money market accounts with competitive earning potential, including a low balance option and a Private Wealth account.
Fees
$10
APY
Min Opening
$0
Pros
- Relatively low $2,500 minimum balance on the Private Wealth Money Market account
- Low daily balance requirement on standard money market account
Cons
- $10 service charge if daily balance requirements aren’t met
- High minimum opening balance
Quick Take
To qualify for the Private Wealth Money Market Account, it will require a lot of funding so it may not be for everyone.
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Banking Experience
Security Bank & Trust Co. has a highly rated mobile banking app with a 4.8-star rating on the App Store and 4.4-star rating on Google Play. Not only do you have a wide range of banking products, both online and in-person if you live in Minnesota, but you would also have access to personal loans and mortgages and business accounts from a local bank that supports you and your community.Â
How Does Security Bank & Trust Compare?
If you live in Minnesota, chances are there is no shortage of options when it comes to banks, credit unions or other financial institutions. However, to get the best fit for your finances, make sure you research what your unique situation calls for, and not just the biggest bank around. Here are some leading competitors to compare with Security Bank & Trust Co.
SELECTED BANK
MOST COMPARABLE
MOST COMPARABLE
Fees
Fees
Fees
$0 to $10
Waivable $3 to $10 monthly
Up to $12.00, which is waivable
APY
APY
APY
N/A
to
Min Opening
Min Opening
Min Opening
$50 to $2,500
$100
$25
SELECTED BANK
MOST COMPARABLE
MOST COMPARABLE
Fees
Fees
Fees
$0 to $10
$4 for customers over 21 years old
No monthly service fee
APY
APY
APY
Up to
Up to
Up to
Min Opening
Min Opening
Min Opening
$0 to $50
$50
$25
SELECTED BANK
MOST COMPARABLE
MOST COMPARABLE
Fees
Fees
Fees
No monthly service fee
No monthly service fee
No monthly service fee
APY
APY
APY
to
Up to
Min Opening
Min Opening
Min Opening
$1,000
$500
$500
SELECTED BANK
MOST COMPARABLE
MOST COMPARABLE
Fees
Fees
Fees
$10
Waivable $12 quarterly service charge
$10, waivable
APY
APY
APY
Up to
Up to
Min Opening
Min Opening
Min Opening
$0
$0
$100
Security Bank & Trust vs. Bremer BankÂ
Though Bremer Bank is a gold winner in GOBankingRates Best Banks of Minnesota, it doesn’t mean it always outranks Security. This is especially true when it comes to mobile banking as Bremer Bank only has a 3.7-star rating on Google Play compared to Security’s 4.4-star rating. If you mainly do your transactions from your phone this is definitely something to consider.Â
Security Bank & Trust vs. U.S. Bank
U.S. Bank brought in the silver for Minnesota in GOBankingRates’ Best Banks by State 2025. This is a good option if you want a variety of account options, convenient locations and a highly rated mobile banking app. Though Security Bank and Trust may provide more personalized customer service, U.S. Bank will also cover you outside of Minnesota.
Security Bank & Trust vs. First Citizens Bank
Before you submit your application to open an account with Security, make sure you check out First Citizens Bank, as it is another prevalent and convenient option in Minnesota. It’s a full-service bank that has a large variety of products and services including checking accounts, savings accounts, CDs, credit cards, mortgages and other loans, investment accounts and insurance. This could be the one-stop shop you’re looking for when it comes to banking.
Who Security Bank & Trust Co. Is Best For
Best Fit
- Customers who value in-person service
- Individuals who prefer a local banking relationship
- Households managing everyday checking and savings needs
- Customers who prioritize stability over yield
Less Ideal
- Rate-focused savers seeking top APYs
- Digital-first users wanting advanced automation
- Customers with large idle balances chasing higher returns
Overall Banking Experience
Security Bank & Trust Co. delivers a traditional community banking experience. Its strengths lie in accessibility, personal service and familiarity rather than aggressive pricing or innovation.
For customers who want face-to-face support and straightforward products, it can be a dependable choice.
Final Take to GO
Security Bank & Trust Co. is best suited for customers who value local service, trust and simplicity. While its rates may not compete with higher-yield options elsewhere, the bank offers a stable home for day-to-day banking and long-term relationships.
If earning the highest possible interest is your priority, you may want to keep larger balances elsewhere while using Security Bank & Trust Co. for core banking needs.
Security Bank & Trust FAQ
- Is Security Bank & Trust Co. FDIC-insured?
- Yes. Deposits are FDIC-insured up to applicable limits.
- Does Security Bank & Trust Co. offer high-yield savings accounts?
- Savings accounts typically offer modest interest rates rather than high yields.
- Are there monthly fees?
- Some accounts may have monthly maintenance fees, often waived with qualifying balances.
- Does the bank offer online and mobile banking?
- Yes. Customers have access to standard online and mobile banking tools.
- Who should consider another option?
- Savers focused on maximizing APY or seeking advanced digital tools may prefer other account types.
Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Jan. 5, 2026.
Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.
